Buffalo Is Broke; The Options for Returning to Fiscal Stability Are Limited

Things have a way of catching up with you. You ignore the need for an oil change for your car until the red light goes on. You delay purchasing paper products, or laundry detergent, or some other essential that you only remember when there is nothing left. Those sorts of things can get resolved.

If you are the City of Buffalo, however, the results of neglecting to properly manage the finances have serious consequences for the city, its residents, and businesses. With no intent to exaggerate, Buffalo is in dire financial straits.

The problem did not happen overnight. For twenty years city government has lived off a depleting piggy bank while continuing to spend as if there was no problem…

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